Building Cost Planning for the Design Team

Smith, James D.; Jaggar, David; Love, Peter E.D.; Olatunji, Oluwole Alfred

doi:10.4324/9781315695129

Cited by 25 publications

(23 citation statements)

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“…Expenses on these actions have to be shifted to the owner of a design or the organization, which exercises control and operation. We compared the methods that were suggested in this paper with methods from well-known international agencies -«RS Means» [16] and «Spon's» [17], who publish the Engineering Price Book (or Cost Handbook) and obtained the correct correlation.…”

Section: Resultsmentioning

confidence: 99%

Economic justification of costs at inspection of industrial safety of high-rise marine structures

2018

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Abstract. The task of technical and economic regulation within mutual international recognition of testing laboratories are considered. Codes and procedures within requirements of international ISO/IEC standards of a series 17000 for elimination of non-tariff barriers and interlaboratory exchange of experts in the field of high-rise marine construction are considered. In paper, the methods of assessment of formation of economically justified cost of works at inspection and monitoring of technical condition of high-rise marine wharf engineering port structure based on settlement and actual labor input were applied. For the countries of EU, data on the average cost of works of testing laboratory within a week have been taken as a basis. Such approach will be objective as considers only expenses on obligatory actions in the course of inspection of technical condition of port engineering constructions. The analysis of public results of financial activities of the accredited organizations allowed to calculate the main indicators of the size of necessary profit and overheads at observance of all requirements imposed to test laboratories including taking into account their future technical development. The offered practice corresponds to the general direction by mutual international recognition of independent testing laboratories and can be use in the future.

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Section: Resultsmentioning

confidence: 99%

Economic justification of costs at inspection of industrial safety of high-rise marine structures

2018

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“…Here, twenty five out of the thirty constructions were randomly selected to test the method and the remaining was set aside to finally validate its accuracy. The first twenty five were divided into five groups (A, B, C, D and E) considering their similarities under following criteria: a) Usage: Residentialor Commercial; b) Size (Gross Building Area): under 10,000 m 2 , around 15,000 m 2 , around 20,000 m 2 and over; c) Class of Specification: A (superior), B (medium), C (basic). In Brazil, real estate market buildings are usually very similar in respect to its adopted construction technology and process adopted.…”

Section: Methodsmentioning

confidence: 99%

“…Considering the urge with which most of real estate investment decisions need to be taken, it is expected that the construction costs estimation can be quickly provided only on the basis of either architectural study or from legal projects even before construction has been fully studied, designed, detailed and specified. Smith (2007) [2] states that:…”

Section: Introductionmentioning

confidence: 99%

Method for Estimating of Construction Cost of a Building Based on Previous Experiences

Bettini¹,

Longo²,

Alcoforado³

et al. 2016

OJCE

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In a real estate project, the estimated cost of construction and the revenues generally represent together the most important values of its feasibility study. When a decision of undertaking a project is made, often there are few definitions of what is about to be constructed, and frequently not enough to ensure the accuracy of the estimated costs. Considering a global tendency on reducing margins of return over the real estate markets, slight variations of the construction cost can jeopardize the success of the whole real estate enterprise and even the financial stability of the builder or of the developer. This article aims at presenting a method of estimating the building construction costs applicable at the stage of feasibility studies, being able to provide acceptable errors.

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“…Obviously, different types of buildings will have different CSE. The one and only comprehensive theory on CSE and their effects can be found in Smith and Jaggar [4]. They provided a good explanation on CSE and their effects for high-density residential multi-unit projects.…”

Section: Introductionmentioning

confidence: 99%

“…This knowledge can be learned from courses during the study in the university or from working experiences. In the HRCP, the CSE are: Frame (Columns, Upper Floors), Finishes (Wall, Ceiling and Floor), Envelope (External Walls and Windows), Services, Internal Subdivision (Internal Walls, Screens and Doors), Preliminaries, and Fittings whereas the non CSE are: External Doors, Stairs, Roof, External Works, and Substructure [4]. Studies on CSE are vital, new, and so far, only received little attention both in Malaysia and overseas.…”

Section: Introductionmentioning

confidence: 99%

Quantity Surveying Undergraduates’ Awareness on Cost Significant of High-Rise Condominium Projects in Malaysia: The Case of a Private University in Malaysia

Peng

Seng

Choon

et al. 2016

MATEC Web of Conferences

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Abstract. Recent developments in quantity surveying (QS) emphasised the importance of identifying cost significant elements (CSE). The knowledge on CSE of high-rise condominium projects (HRCP) is essential as high-rise residential multi-unit projects are the next option in building construction due to limited land areas in urban areas. This study aims to determine the levels of awareness among QS undergraduates of a private university in Malaysia on CSE of HRCP in Malaysia. The respondents' knowledge on CSE has not achieved a satisfactory level. Both male and female respondents have the same levels of awareness on CSE. Remedial strategies to improve this situation are recommended.

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Building Cost Planning for the Design Team

Cited by 25 publications

References 0 publications

Economic justification of costs at inspection of industrial safety of high-rise marine structures

Economic justification of costs at inspection of industrial safety of high-rise marine structures

Method for Estimating of Construction Cost of a Building Based on Previous Experiences

Quantity Surveying Undergraduates’ Awareness on Cost Significant of High-Rise Condominium Projects in Malaysia: The Case of a Private University in Malaysia

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